Penna Consulting PLC Additional Listing (8477W)
April 29 2016 - 7:03AM
UK Regulatory
TIDMPNA
RNS Number : 8477W
Penna Consulting PLC
29 April 2016
29 April 2016
PENNA CONSULTING PLC
("Penna" or "the Company")
Block listing application
Application has been made to the London Stock Exchange for the
admission of 1,804,359 Ordinary Shares of 5p each to trading on AIM
by way of a block listing.
The shares will be issued fully paid and will, upon issue, rank
pari passu in all respects with the existing ordinary shares in
issue. The shares will not be issued immediately but when the
scheme rules allow and will be issued following an exercise of
options under the Penna Consulting plc Long Term Incentive Plan
2007.
It is expected that admission and dealings will become effective
in the new Ordinary Shares on 5 May 2016.
The Panel Executive has agreed on an ex-parte basis that the
dealings above have no Code consequences. This announcement has
been made with the consent of Olsten (U.K.) Holdings Limited.
A copy of this announcement will be made available on the
Company's website.
Enquiries:
Penna Consulting plc
Gary Browning, Chief Executive Tel: +44 (0) 207
332 7993
David Firth, Finance Director
Panmure Gordon (UK) Limited Tel: +44 (0) 207
886 2500
Rule 3 Adviser, Nominated
Adviser & Broker
Karri Vuori / Dominic Morley
/ James Greenwood
J.P. Morgan Cazenove Tel: +44 (0) 20 7742
Financial adviser to Penna 4000
Christopher Dickinson
Guy Bomford
Vigo Communications Tel: +44 (0) 207
016 9570
Ben Simons, Jeremy Garcia E: penna@vigocomms.com
or Fiona Henson
About Penna Consulting plc
Penna is a global people management business. We work with over
2,000 organisations in more than 70 countries including 70 of the
FTSE 100 and some of the highest profile public sector bodies.
Our vision is to make every organisation great through the
performance of their people. We believe that for any organisation
to achieve greatness they must be able to successfully attract,
develop and transition individuals.
As the only provider able to offer proven solutions across the
entire employee lifecycle from attraction to transition, we are
uniquely positioned to help organisations successfully address
whatever talent opportunities and challenges they may be
facing.
This unique breadth of expertise enables us to offer integrated,
innovative, tailored solutions that have a measurable impact on
business performance.
Panmure Gordon is authorised and regulated in the United Kingdom
by the FCA. Panmure Gordon is acting as Rule 3 Adviser, nominated
adviser and corporate broker exclusively for Penna and no one else
in connection with the Offer and other matters set out in this
Announcement and will not regard any other person as its client in
relation to the matters set out in this Announcement and will not
be responsible to anyone other than Penna for providing the
protections afforded to clients of Panmure Gordon, nor for
providing advice in relation to any matter referred to herein.
J.P. Morgan Limited is authorised and regulated in the United
Kingdom by the FCA. J.P. Morgan Limited conducts its UK investment
banking business as J.P. Morgan Cazenove. J.P. Morgan Cazenove is
acting as financial adviser exclusively for Penna and no one else
in connection with the Offer and other matters set out in this
Announcement and will not regard any other person as its client in
relation to the matters set out in this Announcement and will not
be responsible to anyone other than Penna for providing the
protections afforded to clients of J.P. Morgan Cazenove, nor for
providing advice in relation to any matter referred to herein.
Disclosure requirements of the Code
Under Rule 8.3(a) of the Code, any person who is interested in 1
per cent. or more of any class of relevant securities of an offeree
company or of any securities exchange offeror (being any offeror
other than an offeror in respect of which it has been announced
that its offer is, or is likely to be, solely in cash) must make an
Opening Position Disclosure following the commencement of the offer
period and, if later, following the announcement in which any
securities exchange offeror is first identified. An Opening
Position Disclosure must contain details of the person's interests
and short positions in, and rights to subscribe for, any relevant
securities of each of: (i) the offeree company and (ii) any
securities exchange offeror(s). An Opening Position Disclosure by a
person to whom Rule 8.3(a) applies must be made by no later than
3.30 pm on the 10th Business Day following the commencement of the
offer period and, if appropriate, by no later than 3.30 pm on the
10th Business Day following the announcement in which any
securities exchange offeror is first identified. Relevant persons
who deal in the relevant securities of the offeree company or of a
securities exchange offeror prior to the deadline for making an
Opening Position Disclosure must instead make a Dealing
Disclosure.
Under Rule 8.3(b) of the Code, any person who is, or becomes,
interested in 1 per cent. or more of any class of relevant
securities of the offeree company or of any securities exchange
offeror must make a Dealing Disclosure if the person deals in any
relevant securities of the offeree company or of any securities
exchange offeror. A Dealing Disclosure must contain details of the
dealing concerned and of the person's interests and short positions
in, and rights to subscribe for, any relevant securities of each
of: (i) the offeree company and (ii) any securities exchange
offeror, save to the extent that these details have previously been
disclosed under Rule 8. A Dealing Disclosure by a person to whom
Rule 8.3(b) applies must be made by no later than 3.30 pm on the
Business Day following the date of the relevant dealing.
If two or more persons act together pursuant to an agreement or
understanding, whether formal or informal, to acquire or control an
interest in relevant securities of an offeree company or a
securities exchange offeror, they will be deemed to be a single
person for the purpose of Rule 8.3.
Opening Position Disclosures must also be made by the offeree
company and by any offeror, and Dealing Disclosures must also be
made by the offeree company, by any offeror and by any persons
acting in concert with any of them (see Rules 8.1, 8.2 and
8.4).
Details of the offeree and offeror companies in respect of whose
relevant securities Opening Position Disclosures and Dealing
Disclosures must be made can be found in the Disclosure Table on
the Takeover Panel's website at www.thetakeoverpanel.org.uk,
including details of the number of relevant securities in issue,
when the offer period commenced and when any offeror was first
identified. You should contact the Takeover Panel's Market
Surveillance Unit on +44 (0) 20 7638 0129 if you are in any doubt
as to whether you are required to make an Opening Position
Disclosure or a Dealing Disclosure.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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